Brief: Stonehorse Energy Says Recently Entered Into Arrangement With Superb Operating Co

Stonehorse Energy

24/03/2023 01:13

March 24 (Reuters) - Stonehorse Energy Ltd  SHE.AX :
    * RECENTLY ENTERED INTO ARRANGEMENT WITH CANADIAN BASED
SUPERB
OPERATING CO, UNIT OF PROTON TECHNOLOGIES
    * ARRANGEMENT WITH SUPERB IS TO FUND AT LEAST ONE & UP TO 3
WELL
UPGRADES IN SUPERB'S HEAVY OIL ASSET IN CANADA
    * ANTICIPATED OPERATIONS TO COMMENCE Q-2 2023
    * AGREED TO FUND COST OF PROPOSED UPGRADES OF THREE EXISTING
HEAVY
OIL WELLS FOR ESTIMATED COST OF CAD750,000

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 ((Reuters.Briefs@thomsonreuters.com;))